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Standard Bank named Africa’s Bank of the Year 2016

Standard Bank Group, Africa’s largest bank in market capitalisation and assets, has been awarded the 2016 title of ‘Regional Bank of the Year – Africa’ by Banker Magazine for 2016.

In addition, the Johannesburg-based banking institution has been named ‘Bank of the Year’ for Botswana, Malawi, South Africa, Swaziland, Tanzania and Uganda.

Standard Bank, which has operations in 20 African countries and is listed on the Johannesburg Stock Exchange (JSE), has over 54 000 employees, over 1 200 branches and 8815 ATMs on the African continent.

“We are delighted to have received these awards which recognise our sustained investment in understanding Africa’s complex and varied banking, transaction and regulatory landscapes – from a client perspective,” Standard Bank Group CEO Sim Tshabalala said.

The awards recognise the strong management, sound business model and clear and effective strategy delivered consistently by the banking group across multiple jurisdictions, the organisers said.

(Standard Bank/Magna Carta)

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